University of the Pacific Financial Aid University of the Pacific www.pacific.edu/financialaid

Total Cost of Attendance Direct Costs Tuition Housing Books Other Costs Transportation Personal Expenses

Net Price Calculator Using the net price calculator, your information will generate an estimate of the financial aid package awarded to students with similar characteristics. www.pacific.edu/financialaid

Need-Based Grants & Scholarships Federal Pell Grant Federal SEOG Cal Grant A / Cal Grant B (California residents) University Grants/ UOP Grants www.pacific.edu/financialaid

University of the Pacific Transfer Scholarships Tri County Scholarship $15,000.00 Local Area Community Colleges minimum GPA for consideration is 3.6 + transferable units Distinguished Transfer Scholarship $10,000.00 Minimum GPA for consideration is 3.5+transferable units Commended Transfer Scholarship $5,000.00 Minimum GPA for consideration is 3.0+transferable units

Federal Student Loans & Work-Study Low interest rates and flexible repayment terms Repayment begins after the student leaves school and the grace period has expired Federal work-study Part-time employment during the school year www.pacific.edu/financialaid

Financial Eligibility Total Costs EFC Unmet Need Estimated academic year Costs of Attendance Tuition and other actual and estimated costs Net Price Calculator Expected Family Contribution (EFC) Calculated on the basis of FAFSA information using formulas prescribed by the federal government Financial Need Most aid is for students who demonstrate financial need Exceptions: PLUS Loan (parents), Unsubsidized Stafford Loan Your eligibility can vary from school to school!

In summary . . . www.pacific.edu/financialaid Financial aid “package” Students often qualify for funds from more than one financial aid program—a financial aid package Scholarship recipients may qualify for aid in addition to the academic award Federal PLUS Loan (Application Online) For parents of dependent undergraduate students FAFSA required www.pacific.edu/financialaid

FAFSA (Free Application for Federal Student Aid) Collects information about finances and other circumstances Used to determine financial eligibility for federal, state, and University aid Submit through Federal Student Aid processor File online at www.fafsa.gov (FAFSA on the Web) No charge to file! www.studentaid.ed.gov

www.fafsa.ed.gov FAFSA (continued) List at least one California college or university Sign with student and parent FSA ID Eliminates need to print and mail a signature page First day to file (online or paper): October 1, 2016 Keep a copy of your completed FAFSA. Online filers, be sure to print and save the confirmation page. If you file a paper FAFSA, get a Certificate of Mailing at the post office. www.fafsa.ed.gov

Assets The FAFSA will ask for information regarding assets. Do not include: Value of your primary residence Retirement account values Business value if it is considered a family business with less than 100 FT employees

Upcoming Changes to the FAFSA Starting in the 2017-2018 year: FAFSA will collect previous year data

FAFSA Tips If the parent does not have a social security number, enter all 0 (zeros) and FAFSA will still be processed on behalf of the student. In the instance of a divorced/separated parent: The parent information on the FAFSA should only be the parent of record. The parent of record is the parent whom the student lives with more than 50%. Include step-parent information if the parent of record is married. In the case of a divorced/separate parent or if parents were never married and both parents remain in the same household both parent information will be required on the FAFSA

Cal Grants: “It takes two forms” Financial eligibility (FAFSA) Verified Cal Grant GPA Some schools submit GPAs electronically Others have students use the paper GPA form (available at California Student Aid Commission Web site) Application Deadline (FAFSA & GPA): March 2 Engineering 5 year programs will have access to their Cal Grant for all 5 years www.csac.ca.gov

Application Checklist: Now Apply for admission Get FSA ID: www.fsaid.ed.gov Cal Grant GPA Verification confirm that school will submit GPA Utilize the University’s Net Price Calculator to estimate potential award package.

Application Checklist: October File 2017-2018 FAFSA Pacific’s school code: 001329 Priority FAFSA filing date: January 15, 2017 Apply on time—don’t wait for an admission decision Use Data Retrieval Tool to directly import IRS data Reminder: Submit Cal Grant GPA by March 2

After you apply . . . Federal Student Aid Report (SAR) Check carefully against completed 2015 tax returns and submit corrections if necessary California Aid Report (CAR) Notifies Cal Grant recipients of award value Financial Aid Award Schools will begin sending award notices in March and April. Follow all instructions for receiving the funds awarded To make sure SAR email isn’t blocked add FederalStudentAid to address book

2015 Income Documentation U.S. Federal Tax Transcript 2015 Federal Tax Return Transcript Include W-2 forms Send copies to Financial Aid Office **The FAFSA also offers “data retrieval” Non-filer’s Statement Submit this form if you will not file a 2015 income tax return Not part of initial application process but required for disbursement

Best Practices Never rule out a college because of cost alone. Make sure that you and your student are partners when applying and reviewing aid offers. Correspondence is sent directly to the student in most cases. Compare costs before applying — Net price calculators can provide an estimate of financial aid eligibility and remaining college costs. Net price calculators should be available on every college's website. Compare awards — Look at grants, loans, and parental contributions before making a final decision on a college. Speak to the Financial Aid Office for changes in the household or other unusual financial circumstances

It is possible to have all of your costs covered by financial aid! Review Costs of College Include: Tuition, Housing, Books, Travel & Misc Expenses FAFSA +GPA Verification = Access to Aid Financial Aid includes: Scholarships, Grants, Work Study, Student and Parent Loans It is possible to have all of your costs covered by financial aid!

Compare University Costs, Loan Debt, Average Earnings and much more! https://collegescorecard.ed.gov/

Thank you! QUESTIONS?